Company Profile
Constellation Energy
Company Overview
Our vision is to be the first-choice provider for customers seeking energy solutions in the complex and changing energy marketplace.
Constellation Energy is...
A Fortune 200 competitive energy company based in Baltimore.
The nation’s leading supplier of competitive electricity to large commercial and industrial customers.
One of the nation’s largest wholesale power sellers.
A major generator of electricity with a diversified fleet of power plants strategically located throughout the United States.
A regulated distributor - our Baltimore Gas and Electric utility - of electricity and natural gas in Central Maryland.
Our foundational values - integrity, teamwork, social and environmental responsibility, and customer focus - guide our actions.
Our performance values - speed, accountability, passion for excellence, and creation of value - measure our results.
2006 Highlights
Provided a 23 percent total return to shareholders, assuming reinvestment of dividends.
Earned $3.61 per share, excluding special items and non-qualifying hedges, up 25 percent from $2.89 per share in 2005.
Grew revenues to $19.3 billion.
Notable Accomplishments / Recognition
Fortune 500 (2007) - #119
BusinessWeek 2007’s Top 50 Best Performers - #37
Forbes 2007 Global Superstars - #1 Utility Company
Computerworld’s 2007 Top 100 Places to Work in IT
InformationWeek 500 - #103 in 2007
Benefits
We believe our employees are the brightest stars in our constellation. That’s why we invest almost $1 billion annually in Total Rewards. At Constellation, Total Rewards is more than just pay - it is the combination of pay, benefits, learning and development and the work environment. Together, these elements help make Constellation a great place to work. By integrating our Total Rewards offering, Constellation delivers to employees a work experience that rewards their contributions, supports their work and life needs and provides the opportunity to learn and to grow.
Pay
Our total compensation philosophy is to pay employees competitively and vary rewards based on individual and company performance. Employees are financially rewarded for their work through base pay and variable pay. Base pay and salary increases ensure that our compensation is competitive, while variable pay provides incentives and bonuses that vary from year to year to provide rewards that are consistent with performance.
Benefits and Time Off
We offer competitive benefits to our employees on a partnership basis including health care choices, a retirement plan, insurance coverage choices, and flexible spending accounts. Our program is comprehensive, giving our employees and their families peace of mind that their needs can be met for their health, emotional, and financial well being. Employees receive company paid vacation time, holidays and sick time. And, because we realize that time away from work is important, employees begin accumulating vacation time during their first month at work.
Learning and Development
Professional advancement is important to everyone at Constellation. Employees who continuously update their skills are more satisfied with their work and contribute more to our collective success. As a Constellation employee, the opportunities for learning and development include:
Training for professional development and skill enhancement
External seminars and accreditation programs
Tuition reimbursement for coursework or a degree
Work Environment and Balance
A positive work environment, opportunities to give back to the communities where we live and work and the ability to balance work and life demands are important to all of us. We offer programs to help our employees maintain this balance in their lives, including:
Time off related to family or medical leave
Child care referral network
Employee assistance program
Safety and medical services
Support of volunteerism in our communities
We’re equally proud of the success of our programs that promote minorities and women, and we continually reaffirm our commitment to equal employment opportunities. Our pledge is to continue developing a workforce that meets the needs of its increasingly diverse customer base and also reflects the communities in which we live and do business.